Commercialisation

Block Energy is pursuing defined routes to commercialisation in Georgia and Gabon.

We serve Georgia’s thriving energy market, selling oil and gas to local buyers on Brent-linked and gas import price-linked contracts – in 2020 Georgia imported 97.8% of its oil products and 99.7% of its natural gas.

In Africa we are focused on de-risking our 76.5% indirect economic interest in the Ndjila and Mpari PSCs offshore Gabon.

We are fully integrated into Georgia’s energy network through our partnership with Georgia Oil and Gas Limited, a leading Caucasian hydrocarbons producer, and a Memorandum of Understanding with the Ministry of Economy and Sustainable Development of Georgia supporting ongoing exploration and production and work towards a long-term gas offtake agreement.

Our sales strategy is supported by Georgia’s excellent infrastructure, an extensive network of rail, road, international port, oil, gas and electricity providing access to domestic and European markets, notably the South Caucasus (gas) and Baku-Tbilisi-Ceyhan (oil) pipelines.

We have operated in Georgia since 2017, establishing excellent relations with local and national government authorities.

Our subsidiary Block Operating Company (BOC) is fully staffed by Georgian nationals.